Localiza Rent a Car S.A. (OTCMKTS:LZRFY) Sees Large Growth in Short Interest

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 10,691 shares, a growth of 103.7% from the November 30th total of 5,249 shares. Based on an average daily volume of 31,076 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 31,076 shares, the short-interest ratio is presently 0.3 days.

Localiza Rent a Car Trading Down 8.5%

Shares of OTCMKTS LZRFY traded down $0.85 during midday trading on Friday, hitting $9.15. The company’s stock had a trading volume of 2,054 shares, compared to its average volume of 24,773. The business’s fifty day simple moving average is $8.13 and its two-hundred day simple moving average is $7.36. Localiza Rent a Car has a 1 year low of $4.50 and a 1 year high of $10.10.

Localiza Rent a Car Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, October 6th were paid a $0.0821 dividend. This represents a dividend yield of 353.0%. This is a positive change from Localiza Rent a Car’s previous dividend of $0.08. The ex-dividend date was Friday, October 3rd. Localiza Rent a Car’s payout ratio is presently 13.86%.

About Localiza Rent a Car

Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.